UK companies would cope with 'hard Brexit', says Fitch boss

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British companies across all sectors will remain resilient after the country leaves the European Union, even if the UK heads for a "hard Brexit", according to Fitch.

Officials at the rating agency said businesses would cope even if Britain did not secure a transition deal with Brussels and fell back on World Trade Organisation (WTO) rules for trade with its former EU partners.

"We've not seen any sector where Brexit will be the bogeyman that causes everything to fall over," said Alex Griffiths, a group credit officer at Fitch.

However, Mr Griffiths warned that it was important to resolve uncertainty surrounding the UK's trading relationships as quickly as possible.